Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama - 2023

Contents:

  1. Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama (CIF) - 2022
  2. Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama (FOB) - 2022
  3. Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama
  4. Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama

Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama (CIF) - 2022

The average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $3,893 per ton in 2022, dropping by -33% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 55%. The import price peaked at $5,808 per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($5,815 per ton), while the price for China stood at $3,530 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2,326.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama (FOB) - 2022

In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $2,186 per ton, approximately mirroring the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 50%. The export price peaked at $4,443 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($27,860 per ton), while the average price for exports to Grenada ($283 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama

In 2022, approx. 21 tons of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were imported into Panama; increasing by 229% compared with the previous year. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) soared to $81K in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 262%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China34.77.214.062.421.6%
Free Zones0.92.822.618.8175.4%
Others2.70.20.30.2-58.0%
Total38.310.236.981.428.6%

Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Panama in 2022:

  1. China (17.7 tons)
  2. Free Zones (3.2 tons)

Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama

In 2022, overseas shipments of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) decreased by 0% to 2.2 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 268% against the previous year. As a result, the exports attained the peak of 2.8 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) totaled $4.7K in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 452%. As a result, the exports reached the peak of $9.4K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Panama (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica4901,898N/A1,59648.2%
Honduras4881,889N/A1,58848.2%
Dominican Republic4201,602N/A1,30946.1%
Guatemala40.0138N/A93.032.5%
GrenadaN/AN/AN/A17.00%
Israel208N/AN/AN/A0%
Others64.03,911N/A11722.3%
Total1,7109,438N/A4,72040.3%

Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Panama in 2022:

  1. Dominican Republic (1565.0 kg)
  2. Costa Rica (334.0 kg)
  3. Guatemala (102.0 kg)
  4. Grenada (60.0 kg)
  5. Honduras (57.0 kg)

Source: IndexBox Market Intelligence Platform

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